• Skip to primary navigation
  • Skip to main content
Collective

Collective

A blog to help freelancers with taxes - Collective

What we offer

Business setup Form your business the right way Accounting Expert approved, powered by AI Invoicing Get paid faster, without the busywork Payroll Payroll made simple for S Corps Taxes Stress-free taxes for solopreneurs Business insurance Coverage for your business Health insurance Instant and affordable health coverage Support Human expertise + AI speed
Pricing Customers
About us Partnerships Careers We're hiring! Press
Blog Newsletter Webinars

Free tools

S Corp tax savings calculator Estimated tax & extension calculator Tax calendar S Corp admin cost calculator Freelance rate calculator Bill rate calculator
See all free tools →
Login
Business setup Accounting Invoicing Payroll Taxes Business insurance Health insurance Support
Pricing
Customers
About us Partnerships Careers We're hiring! Press
Blog Newsletter Webinars S Corp tax savings calculator Estimated tax & extension calculator Tax calendar S Corp admin cost calculator Freelance rate calculator Bill rate calculator See all free tools
Login

Business Setup

Blog

Should You Form Your LLC in Delaware?

Many business owners ask if it’s a good idea to open an LLC in Delaware even if they…

May 1, 2023 · 7 min read
Blog

Should You Start a Holding Company?

If you’re a small business owner who owns multiple businesses, you may wonder whether or not starting a…

May 1, 2023 · 7 min read
Blog

How to Setup an LLC for an Online Business

Congratulations, you’ve decided to start a business!  No matter where you start your business, one of the most…

Jan 21, 2021 · 7 min read
Blog

Should you start an LLC or S Corp? Here’s How to Decide

When you’re starting a new business or taking steps to register with your state, you have a big…

Jan 20, 2021 · 6 min read
Blog

6 LLC Setup Mistakes (and how to avoid them)

When you’re starting a new business, it can feel both exciting and overwhelming. Sure, there’s many aspects to…

Jan 20, 2021 · 6 min read
Blog

Self-Employed and Moving to a New State? Here’s What You Need to Know

Whether you’re hoping to relocate to someplace with warmer weather or a better tax climate, it’s usually not…

Nov 25, 2020 · 6 min read
Blog

Here’s How Starting an S Corp Leveled Up My Online Business

When you start a new side hustle or full-time business venture, you’re automatically considered a sole proprietor. As…

Sep 2, 2020 · 6 min read
Blog

LLC vs S Corp for Freelancers: Which Should You Choose?

Even when you’re a one-person business, tax and legal matters are inevitable. And when it’s all you, you’re…

Dec 5, 2019 · 15 min read
Blog

When is the best time to switch to an S Corp?

Switching from a sole proprietor to an S Corp feels like going from Princess Adora to She-Ra. It’s…

Nov 8, 2019 · 6 min read
Blog

Can you afford to be an S Corp?

S Corps have a lot of buzz about them. If they were at Beverly Hills High in the…

Jul 25, 2019 · 5 min read
Blog

Why are you still a sole proprietor? It’s time to switch

There comes a moment in every young freelancer’s life when it’s time to level up their business, kind…

Jul 18, 2019 · 4 min read
Blog

Started an LLC? These Are the Most Important Things to Do First

You did it! Your company is officially legit, which means you’re a boss and one step closer to…

Mar 15, 2019 · 11 min read
Previous page1…345Next page
Showing 12 of 52

We’re glad you’re here!

First, tell us about your business

Net profit = Total revenue - total expenses

  1. Find total revenue. Add up all money your business earned from sales of goods or services during the year.
  2. Subtract your expenses. Deduct all business costs like supplies, rent, utilities, software, contractor payments, and loan interest.

An estimate is fine, you don't need exact figures.

W2 employees are people on your payroll

You withhold income tax, Social Security, and Medicare from their paychecks, and they get a W-2 form from you at the end of the year.

Don't count yourself (even if you pay yourself a salary) or 1099 contractors and freelancers.

I agree to Collective Terms of Service & Privacy Policy. Additionally, by providing phone number to continue, I agree to receive calls, incl. autodialed or prerecorded sales calls, from Collective.

Collective logo

We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

Products

  • Business setup
  • Accounting
  • Invoicing
  • Payroll
  • Taxes
  • Business insurance
  • Health insurance
  • Support
  • Late S Corp election

Company

  • Home
  • Pricing
  • About us
  • Careers
  • Contact us
  • Partnerships

Resources

  • Blog
  • Guides
  • Help center
  • Testimonials
  • Press
  • Create with us

Legal/Support

  • FAQ
  • Terms of service
  • Privacy policy
  • Security policy

Compare

  • Compare all
  • Collective vs Lettuce
  • Collective vs LegalZoom
  • Collective vs TurboTax
  • Collective vs ZenBusiness

Collective provides a suite of tools, back-office support, and general information. Our services are not intended as tax, legal, or professional advice.

* Savings estimates reflect the average 2023 federal self-employment (SE) tax savings for Collective members with an S Corp tax election, based on business profits that would've otherwise been subject to SE tax. Actual savings will vary based on individual circumstances.

** Based on data sourced from Shopify blog, QBO Essentials, QBO Live, Gusto, Taxfyle, Intuit "Tax Pro" Research, LegalZoom and JustAnswer.com as of August 2025.

† Individual tax return packages are billed as an annual, one-time add-on fee.

© 2026 Collective Hub, Inc. All rights reserved